Reading financial statements isn’t something that should scare you. It is one of they key ways to evaluate your business’ health. We read a great article in Inc. Magazine the other day, which was so spot on we had to share it. Norm Brodsky (always a great column, by the way) lays out a couple of the top concerns and questions that we hear from business owners every single week! He lays out great examples of why:
- Business owners need to know their numbers
- Sales do not equal cash flow
- Accounting should be done on an accrual (not cash) basis
Here is the article. It’s well worth the short read.